This paper explores the asymmetric adjustment speed of gasoline price in twelve European Union (EU) countries … transmitted directly in a single stage formulation. The empirical results shed new light on the taxation effect and its role to …

We examine how political, institutional, and economic variables affect the likelihood increases in state gasoline taxes. …

Least-squares estimates of the response of gasoline consumption to a change in the gasoline price are biased toward … zero, given the endogeneity of gasoline prices. A seemingly natural solution to this problem is to instrument for gasoline … prices using gasoline taxes, but this approach tends to yield implausibly large price elasticities. We demonstrate that …

We reinvestigate the "rockets and feathers" effect between retail gasoline and crude oil prices in a new framework of … complicated time series characteristics. On the dataset of seven national gasoline prices, we find no statistically significant … asymmetry. The proposed methodology is not limited to the gasoline and crude oil case but it can be utilized for any asymmetric …